Prison Vendor TKC Borrows $2.3 Billion for Refinancing and Dividend

February 12, 2026 at 02:53 PM

By Paula Seligson

Prison Vendor TKC Borrows $2.3 Billion for Refinancing and Dividend

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Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner.

Analysis & Context

Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner. Prison Vendor TKC Borrows $2.3 Billion for Refinancing and Dividend. Stay informed with the latest developments and expert analysis on this important story.

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Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner.

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